Eaton Corporation, PLC (NYSE:ETN – Get Free Report) traded up 4.5% during mid-day trading on Tuesday . The stock traded as high as $427.93 and last traded at $426.5130. 2,517,141 shares traded hands during trading, a decline of 9% from the average session volume of 2,761,272 shares. The stock had previously closed at $408.26.
More Eaton News
Here are the key news stories impacting Eaton this week:
- Positive Sentiment: Eaton announced its 2025 Sustainability Report, highlighting a 40% emissions reduction and $2.1 billion in R&D investment, which reinforces its long-term innovation and efficiency story. Eaton Accelerates Sustainability Impact with 40% Emissions Reduction and $2.1B in R&D Investment
- Positive Sentiment: Eaton also announced a strategic partnership with VoltServer to advance next-generation power distribution, supporting its exposure to electrification and power infrastructure demand. VoltServer and Eaton Form Strategic Partnership to Advance Next-Generation Power Distribution
- Positive Sentiment: Analysts have recently nudged earnings estimates higher for Eaton, indicating confidence in the company’s near-term profit outlook.
- Positive Sentiment: ETN has also been added to multiple Russell growth indices, which can increase demand from index funds and raise the stock’s visibility with growth investors. Eaton (ETN) Is Up 5.1% After Joining Multiple Russell Growth Indices – What’s Changed
Analysts Set New Price Targets
Several equities research analysts have weighed in on ETN shares. Barclays upped their target price on Eaton from $340.00 to $392.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group initiated coverage on Eaton in a research note on Monday, March 16th. They issued a “buy” rating and a $430.00 price target on the stock. Erste Group Bank started coverage on Eaton in a research report on Tuesday, May 5th. They set a “buy” rating for the company. KeyCorp raised their price objective on Eaton from $420.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, BMO Capital Markets initiated coverage on Eaton in a research report on Friday, March 27th. They issued an “outperform” rating and a $428.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $420.95.
Eaton Trading Down 3.2%
The business’s 50 day simple moving average is $406.72 and its two-hundred day simple moving average is $373.46. The stock has a market cap of $154.91 billion, a P/E ratio of 39.00, a PEG ratio of 2.74 and a beta of 1.18. The company has a quick ratio of 0.75, a current ratio of 1.19 and a debt-to-equity ratio of 0.94.
Eaton (NYSE:ETN – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $0.08. The company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Eaton had a return on equity of 24.72% and a net margin of 13.99%.Eaton’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.72 EPS. Eaton has set its Q2 2026 guidance at 3.000-3.100 EPS and its FY 2026 guidance at 13.050-13.500 EPS. As a group, analysts expect that Eaton Corporation, PLC will post 13.33 EPS for the current year.
Eaton Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 8th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, May 8th. Eaton’s dividend payout ratio (DPR) is presently 43.01%.
Insider Activity at Eaton
In other news, insider Heath B. Monesmith sold 18,367 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $409.11, for a total transaction of $7,514,123.37. Following the sale, the insider directly owned 49,822 shares in the company, valued at approximately $20,382,678.42. The trade was a 26.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Peter Denk sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $417.94, for a total transaction of $835,880.00. Following the completion of the transaction, the insider owned 7,102 shares of the company’s stock, valued at approximately $2,968,209.88. This trade represents a 21.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 21,028 shares of company stock valued at $8,614,793. Corporate insiders own 0.10% of the company’s stock.
Hedge Funds Weigh In On Eaton
A number of hedge funds have recently modified their holdings of the business. Aventura Private Wealth LLC bought a new position in Eaton during the 4th quarter worth $1,339,000. Farmers National Bank bought a new position in Eaton during the 3rd quarter worth approximately $1,530,000. Ransom Advisory Ltd bought a new stake in shares of Eaton in the 4th quarter valued at $3,881,000. Morse Asset Management Inc lifted its holdings in Eaton by 3,937.1% in the third quarter. Morse Asset Management Inc now owns 4,239 shares of the industrial products company’s stock valued at $1,586,000 after buying an additional 4,134 shares during the period. Finally, Burling Wealth Partners LLC boosted its position in Eaton by 63.0% during the fourth quarter. Burling Wealth Partners LLC now owns 11,296 shares of the industrial products company’s stock valued at $3,598,000 after acquiring an additional 4,366 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.
About Eaton
Eaton (NYSE: ETN) is a diversified power management company that designs, manufactures and distributes products and systems to manage electrical, hydraulic and mechanical power. The company’s offerings are used to improve energy efficiency, reliability and safety across a wide range of applications, with core capabilities in electrical distribution and control, industrial hydraulics and aerospace systems.
Its product portfolio includes switchgear, circuit breakers, transformers, power distribution units, uninterruptible power supplies and surge protection devices for electrical infrastructure, along with hydraulic pumps, valves and filtration systems for industrial and mobile equipment.
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